Westpac BusinessPLUS Mastercard with hotpoints March 2021 Review | Rates and Fees | Finder NZ
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Westpac BusinessPlus Mastercard with hotpoints Review

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Keep your business expenses separate, earn rewards and get protection on new business purchases.

Keeping your business expenses separate from your personal expenditure makes life a whole lot easier for whoever manages your accounts. Using the Westpac BusinessPlus Mastercard means you can have better visibility on business spend and still enjoy credit card benefits.

The BusinessPLUS allows you to earn hotpoints, Westpac’s credit card reward programme. Hotpoints are earned on all eligible spend and can be redeemed for a range of rewards for you or your business.

20.95% p.a.

Purchase Rate

$100 p.a.

Annual Fee


Minimum Income


Product NameWestpac BusinessPlus Mastercard
Rewards ProgramWestpac hotpoints Rewards
Balance Transfer Limit95%
Purchase Rate20.95% p.a.
Interest Free PeriodUp to 55 days on purchases
Min credit limit$500
Minimum Monthly Repayment2% of transaction value or $5, whichever is greater
Minimum Income$15,000
Card TypeMastercard
Late Payment Fee$8
Complimentary Travel Insurance Cover35 days
Joint ApplicationYes

Benefits of the Westpac BusinessPlus Mastercard with hotpoints

  • Earn hotpoints. For every $1 you spend on your BusinessPlus Mastercard you’ll earn 1.25 hotpoints. Once you have accumulated hotpoints you can redeem them for yourself or for your business including travel rewards, vouchers, gifts and merchandise. You can also gift your hotpoints to charity or contribute them to your KiwiSaver account.
  • Overseas travel insurance. When you use your card to book prepaid travel expenses such as flights and accommodation you could qualify for travel insurance for trips of up to 35 days.
  • Purchase protection. Purchase Protection Insurance gives you up to 90 days of cover for business credit card purchases that are lost, stolen or damaged. You can also extend the manufacturer’s warranty on goods for up to 12 months.
  • Account fee waiver. If you have a personal Westpac Platinum card you will not be charged an account fee on your BusinessPLUS card.
  • Additional or joint card. Maintain your visibility of spend by adding an additional card for your business partner or employee.
  • Interest-free days. Get up to 55 days interest-free on business purchases when you pay off your statement balance each month.
  • Share your transaction data. If you use an accountant you can share your transaction data securely with BankLink.

Features of the Westpac BusinessPlus Mastercard with hotpoints

  • Interest rate. An interest rate of 20.95% p.a. applies to purchases and an interest rate of 22.95% p.a. applies to cash advances.
  • Annual account fee. The Westpac BusinessPlus Mastercard with hotpoints has an annual account fee of $100. This is paid in two 6-monthly instalments of $50. Joint and additional cards have an annual account fee of $25.
  • Balance transfer. If you have an outstanding balance on another credit card, you can apply to transfer this balance to your BusinessPLUS Mastercard with hotpoints. If successful you will only pay 5.95% p.a. on that balance until it is paid off.
  • Link your accounts. If you have other Westpac accounts you can link them to your BusinesPLUS card for ATM and checkout access.

How to apply

If you are ready to apply for the Westpac BusinessPlus Mastercard with hotpoints, first make sure that you meet the eligibility criteria and have the required documents. You should also review the interest rate, fees and features of the card as you will be personally responsible for credit made available to you by Westpac, even if the card has a business name on it. A minimum credit limit of $500 applies.

To start your application you can visit a Westpac branch, contact Westpac by phone or complete a form online.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have an income of at least $15,000 per year

Required documents

If your application is approved, you will need to verify your identity and income at a Westpac branch. You should have the following documents ready:

  • Photo ID: A New Zealand Driver’s Licence or passport
  • Proof of address: A recent utility bill, government letter or bank statement
  • Proof of income: Westpac recommends that you have three months’ of bank statements

Compare other credit cards

Name Product Purchase Rate Interest Free Period Annual fee
Gem Visa Credit Card
25.99% p.a.
Up to 55 days on purchases
6 months interest free on all Visa purchases $250 and over, plus get long-term interest-free deals at retailers nationwide including Apple, Noel Leeming, Mitre 10 and many more.
American Express Airpoints Card
0% for 6 months (reverts to 19.95% p.a.)
Up to 55 days on purchases
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% p.a.
Up to 55 days on purchases
Be rewarded with 400 bonus Airpoints Dollars when you apply online by 30 March 2021, are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% p.a.)
Up to 55 days on purchases
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.

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